United Airlines (UAL) reported full-year 2014 net income of US$1.97bn, an increase of 89% year-over-year, or $5.06 per diluted share, excluding US$834 million of special items. Including special items, UAL reported full-year net income of US$1.13bn, or $2.93 per diluted share. UAL reported fourth-quarter 2014 net income of US$461m, an increase of 86% year-over-year, or […]
United reports full-year 2014 profit of US$1.97bn Read More »
In a move that is doubtless intended to show international air safety bodies that Indonesia has woken up to the fact they have been lax in their air safety policies, Indonesia’s Minister of Transport, Ignasius Jonan, has announced that a number of new safety rules have been put in place since the crash of AirAsia’s
Indonesia proposes rule changes after AirAsia crash Read More »
International Airfinance Corporation (“IAFC”) has signed a firm purchase agreement for five Airbus A330-200 aircraft. The agreement also includes options for an additional four A330-200 aircraft. Based on list price, the contract value for IAFC’s transaction covering five Airbus A330-200 aircraft and four options is approximately US$2bn. Firm Aircraft are already placed on long term
SR Technics and Germania Fluggesellschaft GmbH have entered into an exclusive long-term agreement for engine services. Valued at US$180m, the agreement is effective immediately. It covers engine services for Germania’s fleet of Airbus A319 and A321 as well as Boeing 737-700 planes. The engines involved are CFM56 series -5B and -7B produced by Snecma (Safran)
SR Technics and Germania enter exclusive agreement for engine services Read More »
Germany based maintenance, repair and overhaul (MRO) provider Lufthansa Technik and the Brazilian low fare airline Azul Linhas Aéreas Brasileiras have signed a comprehensive long-term component supply contract for the airline’s Airbus A330 fleet of seven A330-200 aircraft. The contract will run until end of 2019. Azul, Brazil’s largest airline by number of cities served,
Israel Aerospace Industries'(IAI) Bedek Aviation Group signed an agreement with Air Canada to fulfill the airline’s B787 line maintenance requirements at Ben Gurion International Airport in Tel-Aviv. Alan Butterfield, Air Canada’s Vice President, Maintenance and Engineering, stated: “We are very pleased with the line maintenance work performed and the excellent working relationship that has developed
IAI signs agreement with Air Canada for B787 line maintenance Read More »
GKN Aerospace has agreed a long term agreement with Rolls-Royce to supply components for the latest version of the Trent 1000 engine – a capability enhancement of the existing Trent 1000 engine for the Boeing 787. This LTA is estimated to be worth more than US$200m over the life of the agreement. The agreement gives
GKN Aerospace signs agreement with Rolls-Royce for Trent 1000 components Read More »
Fokker Services, part of Fokker Technologies, reported that a total of thirty-six Fokker aircraft were placed with four new as well as nine existing Fokker operators during 2014 by their respective aircraft sellers and lessors. These comprise thirteen Fokker 50s, ten Fokker 70s and seven Fokker 100s. In addition, leases were extended on two Fokker
Thirty-six Fokker aircraft placed in 2014, four new operators Read More »
A Sukhoi Superjet 100 aircraft joined the fleet of Russian airline — Red Wings. The aircraft with tail number RA-89021 was ferried from the Delivery Center of Sukhoi Civil Aircraft Company to Domodedovo International Airport — home base of the airline. In just a couple of days the SSJ100 delivered to Red Wings will be
Russian airline Red Wings takes delivery of Sukhoi Superjet 100 Read More »
Bombardier Commercial Aircraft welcomed leasing company Elix Aviation Capital Limited (“Elix”) to the family of Q400 aircraft owners and operators. Elix is taking an assignment of three Q400 NextGen aircraft previously booked by an existing Bombardier customer. Dublin-based Elix was launched in September 2013 with the equity backing of Oaktree Capital Management, a premier global
Dublin-based Lessor Elix acquires three Bombardier Q400 NextGen aircraft Read More »
